Bono Says He is Not a Billionaire Despite Facebook IPO
Mon, 21 May 2012 11:34:53
U2 singer Bono owns shares in Facebook, and with the company's IPO last week, rumors quickly swirled that he became a billionaire. Not so fast. Bono himself refuted the claims that he is now the richest musician in the world, cruising past Paul McCartney, who holds that "title."
Bono owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they purchased for a cool $90 million in 2009.
The Irish superstar denies his share in the social media company is worth over $1.5 billion, telling MNSBC: "Contrary to reports, I'm not a billionaire or going to be richer than any Beatle and not just in the sense of money, by the way, The Beatles are untouchable. Those billionaire reports are a joke."
Still, his wallet has got to be fat after the Facebook IPO. Just sayin'.
Do you know anyone who isn't on Facebook in 2012?